Friday, July 10, 2009
WITH ONE HOUR TO GO, GOLD IS CREEPING A BIT HIGHER
THE LARGER VIEW
DOLLAR FALLS TO .80405 (or lower, I use delayed prices)
Instead, dollar's next move is up to .8045
But Dow, Oil, Euro are all moving higher,
so gold could move up right after the Crimex close.
6 minutes to go
But Dow, Oil, Euro are all moving higher,
so gold could move up right after the Crimex close.
6 minutes to go
GOLD MAKES A NEW HIGH WITH 18 MINUTES TO GO BEFORE THE CRIMEX CLOSE
GOLD FALLS TO THE BOTTOM 75% RETRACE POINT
GOLD DROPS A BIT TO THE LOWER BLUE UPTREND LINE THEN BOUNCES
DOLLAR FALLING, GOLD FINDING SUPPORT AT THE TOP WHITE DOWNTREND CHANNEL LINE, WILL SOON MOVE HIGHER
GOLD IS CONSOLIDATING HERE BUILDING ENERGY TO MOVE HIGHER
GOLD GETS BASHED AS THE DOW AND EURO SUDDENLY DROP
Sure looks like intentional intervention as the Dow and Euro
suddenly drop precipitously at the same exact time.
Gold was setting up for a solid move higher, but was stopped
in its tracks and dropped quickly on very low volume, then was hit a
second time when it appeared to find support at the white top
downtrend line which it had just broken out above.
BONDS DOWN, OIL, EURO, DOW ALL MOVING HIGHER
Thursday, July 9, 2009
GOLD MAY BE TURNING BACK UP HERE, BUT NOT UNTIL AFTER THE MARKET REOPENS AT 3PM PDST
DOLLAR IS VERY WEAK, GOLD SHOULD RALLY NOW
Subscribe to:
Posts (Atom)